Business Activity Archives - Church Executive


You can’t afford to look the other way

  To protect your church, you must anticipate — and mitigate — risk transfer related to third-party facilities use By RaeAnn Slaybaugh For many churches, offering the use of their facilities to outside groups is an excellent source of income. It’s also a great way to send a welcoming message to the surrounding community.  However, […]

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Theft prevention strategies for church leaders

  Church Executive: Just how big of an issue is employee theft in churches, really? Mike Nester: I wouldn’t say it’s one of the larger issues that our churches are dealing with, but it’s one of the easiest to work on. That said, we do see losses; we’ve had more than $1 million in claims […]

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HOMEBUYING 101

  By Rev. James Cook, CFP®, RICP® Becoming a homeowner is an important financial goal for many people and is viewed as a significant “step up the financial ladder.” But if you have never purchased a home before, the decisions and process can seem daunting. In this article, we will give a general overview of […]

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JEREMY HOLLEY + IMMANUEL BAPTIST CHURCH: Driving better stewardship with managed accounting services

  By RaeAnn Slaybaugh They say change is hard — but sometimes, it’s worth it. Such is the case at Immanuel Baptist Church, where leaders are discovering the benefits of outsourcing their accounting services: better oversight, increased efficiency, more transparency/accessibility, and cost savings. It was even instrumental in recovering nearly $200,000 in “lost” online gifts […]

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Options for churches seeking audits

Churches desiring to employ an audit with respect to their financial operations may opt for various approaches depending on their size, scope, and complexity. By Mike Batts, CPA Audits are conducted by parties who are either external or internal to the church. Smaller churches use internal accountability processes typically performed by members of the churches’ […]

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How your house of worship should be addressing the risk of sexual abuse

By Eric Spacek April is National Child Abuse Prevention Month, making this a perfect time to review your organization’s policies and practices to protect children from sexual assault. With this in mind, we spoke with Eric Spacek, assistant vice president – Risk Control at Church Mutual Insurance Company, S.I.1, who outlines how organizations can help […]

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RELIGIOUS ORGANIZATION INSURANCE:

  3 coverage essentials to expect From Philadelphia Insurance Companies With more than 70 percent of the world’s population identifying as members of a religious community, it’s clear that religion plays a vital role in many people’s lives.  As the heart of their spiritual (and many times physical) communities, religious organizations provide much more than […]

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FINANCIAL RESERVES:

  Does my church really need them? From Thrivent Church Financing We talk to church leaders every day. Our team understands your concerns about meeting your ministry’s needs today and tomorrow. We’re going to set out to convince you that saving for a “rainy day” is being a good steward — and generous and wise […]

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SCAMS ARE ON THE RISE: How to stay safe

By Sharon McDowell Your cell phone dings. It’s a text message from an unknown number. The message is from a service company warning that your account has been hacked and urging you to call them right away. The landline rings. The person on the other side of the line tells you the electricity is going […]

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25 years, 30,000+ churches, 4 million trained — and the work continues

  For more than 30 years, the husband-and-wife legal team of Gregory Love and Kimberlee Norris have labored to protect children from sexual abuse. Partners in the law firm of Love & Norris, Gregory and Kimberlee co-founded MinistrySafe to provide a broad spectrum of resources to equip ministries in the prevention of child sexual abuse. […]

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